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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (74327)	5/20/2011 10:43:10 AM
From: Haim R. Branisteanu	Read Replies (1) of 217759

DJ OECD Gurria: Euro Role As Reserve Currency To Increase 20-May-2011 PARIS (Dow Jones)--Despite the ongoing challenges it faces, the euro will keep expanding its role as a global reserve currency, with more countries to join the currency block, the Organization for Economic Cooperation and Development's Secretary General, Angel Gurria, said Friday. "The euro[-zone] is going to continue to grow, [it will] have more and more members joining," Gurria told journalists at a news conference in Paris. He said it will be "more and more a reserve currency in the world. It already is". Gurria played down concerns that the debt problems faced by some members of the currency bloc could infect the others. "There's no euro-zone crisis," he said, pointing out that the three countries currently facing debt troubles--Greece, Ireland and Portugal--do so for different reasons. Other members can now count on the "strong safety net" European institutions are building, he said. (END) Dow Jones Newswires May 20, 2011 07:28 ET (11:28 GMT)

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